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Category >> Insurance MA

Jul 08
2008

Banks are a Mess, What Does This Mean for Insurance Agency acquisitions?

Posted by Clear Rock in Insurance MA
Net income for the fourth quarter of 2007 was the lowest reported by the banking industry in over 15 years. The average margins are the lowest in almost 20 years. While the banks deal with the tremendous amount of defaulted loans, it seems likely that M&A activity will slow down. We have also seen a few agency divestitures by the big banks.

This might not be so for the smaller and mid-sized
Jun 20
2008

The NIA Group has Acquired Taylor Financial Insurance Agency

Posted by Clear Rock in Insurance MA
According to the company, Taylor Financial's business complements NIA's south Florida client base, which includes a roster of health care accounts and a full-service commercial lines and personal insurance services division Kevin Conboy, CEO of The NIA Group, said: "This acquisition enables us to provide greater value and enhanced services to both Taylor Financial and NIA clients. It aligns with
Jun 10
2008

Willis Group Holdings Ltd. has entered an agreement to purchase Hilb Rogal & Hobbs Co

Posted by Clear Rock in Insurance MA
The deal is expected to be completed in the fourth quarter of 2008.2 British pound=$2.0020 (2007) fiscal year ending December 31. 3 Fiscal year ending April 30

May 08
2008

World's Top 10 Insurance Brokers, 2008

Posted by Clear Rock in Insurance MA
Rank Company Brokerage Revenues
1 Marsh & McLennan Cos. Inc. $11,281,000,000
2 Aon $7,096,000,000
3 Willis Group Holdings Ltd. $2,463,000,000
Apr 24
2008

A shift to smaller, fuel efficient cars: Eco Friendly or Liability?

Posted by Clear Rock in Insurance MA
With Gas prices soaring to over $4 a gallon, US consumers are looking to downsize their mode of transportation. Sales of compacts, sedans and other cars jumped 3 percent in June compared with a 19 percent drop for less efficient SUVs and pickups, according to Ward's Automotive Group. In 1970, when the last fuel driven consumer shift to smaller vehicles occurred, serious injuries and more
Mar 07
2008

Apax Partners and Morgan Stanley to Buy Hub International for $1.7 Billion

Posted by Clear Rock in Insurance MA
Apax Partners and the private-equity investment arm of Morgan Stanley will buy Chicago insurance brokerage Hub International Ltd. for approximately $1.7 billion, it was announced today. The group will pay Hub $40 per share, a 16% premium over the shares' Friday close. Hub provides insurance and employee benefit services to medium-sized companies and derives one-quarter of its business in Canada.
Feb 26
2008

Brian Burke to Head Insurance Group

Posted by Clear Rock in Insurance MA

We are pleased to announce that Brian Burke joined Clear Rock Associates as a Director in 2008. Brian will be heading our Insurance practice area.

Brian brings a wealth of M&A experience, with particular focus on financial services and insurance industries. He brings with him 8 years of experience assisting middle market companies identify strategic alternatives. His expertise includes analysis

Jan 28
2008

GS Capital Partners to Buy USI Holdings

Posted by Clear Rock in Insurance MA
Big insurance broker USI Holdings Corp. (NASDAQ: USIH) has agreed to be acquired by GS Capital Partners, a private equity affiliate of Goldman, Sachs & Co., in a transaction valued at approximately $1.4 billion, including repayment of USI's existing debt obligations

Under the terms of the GS Capital merger agreement, USI stockholders will receive $17.00 in cash for each share of USI common
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